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(en) Britain Libertarian Socialist Federation LSF - Fat Cat Thursday - morning of shame
Date
Mon, 8 Jan 2018 10:56:00 +0200
The poorest sections of the working class continue to bear the brunt of capitalist
austerity while the rate of exploitation increases and levels of poverty become ever more
pronounced - especially with the catastrophic effects of Universal Credit here in the UK.
---- Still, it's not bad for everyone. Research by the Chartered Institute of Personnel
and Development (CIPD) and the High Pay Centre shows that, on average, chief executives of
FTSE 100 companies are paid around £898 per hour - that's 256 times what apprentices earn
on the minimum wage. If that's not sickening enough, how about the fact that last Thursday
morning (now known as ‘Fat Cat Thursday') the UK's highest paid bosses actually ‘earned'
more before lunchtime than the average UK worker earns in the whole year! In other words,
the median wage for chief executives of FTSE 100 companies is around £3.45m a year...
that's 120 times the UK average full-time wage of £28,758.
While this Guardian article contains further horrifying statistics for Fat Cat Thursday,
as anarchist communists we have to say we are not really surprised by this kind of
behaviour from the most exploitative sections of the boss class. After all, it's what the
capitalist system's all about. What is more surprising, however, is how people can still
continue to swallow myths like 'we're all in it together' and 'the national interest'
when, in reality, the national interest is, by definition, what's of interest (and
profitable) to the bosses. So it goes without saying that we, as a class, need to totally
reject the myth that workers have anything in common with these parasitic leeches if we
ever want to see any change for the better in this world.
https://communistanarchism.blogspot.co.il/
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